GreenPro Capital rises on plans to develop satellite communications venture
05/10/2020 16:00
** Business solution company's shares GRNQ.O more than
double to $2.2, snap 4-day losing streak
** Co said it plans to develop a low Earth orbit satellite
communication company in Malaysia covering the ASEAN region urn:newsml:reuters.com:*:nACSJyCWna
** New co to provide internet access to areas with no fiber
or 5G connectivity - GRNQ
** Says Borneo and other such remote islands would benefit
tremendously with this service
** GRNQ will develop the project along with Kuala
Lumpur-based SEATech Ventures Corp SEAV.PK
** Stock up 269.84% YTD
(Reporting by Madhvi Pokhriyal in Bengaluru)
((Madhvi.pokhriyal@thomsonreuters.com))